Best entry 15 cent...

Very strong support at 18 sen...discounted ipo price from 23 sen. I think no more selling pressure, oversold already..

Run before late...tomorrow will continue downtrend

Price performance as per SCIB on the making by Minetech

Next announcement very soon...wait and see

OTHERS SARAWAK CABLE BERHAD ("SCB" OR "COMPANY") PRESS RELEASE: WHITE KNIGHT FOR SARAWAK CABLE BERHAD
SARAWAK CABLE BERHAD

Type Announcement
Subject OTHERS
Description SARAWAK CABLE BERHAD ("SCB" OR "COMPANY") PRESS RELEASE: WHITE KNIGHT FOR SARAWAK CABLE BERHAD
Reference is made to the announcements made by the Company on 12 December 2023 and 14 December 2023 in relation to the press release dated 12 December 2023 entitled "WHITE KNIGHT FOR SARAWAK CABLE BERHAD".



The Company wishes to announce the following additional information:-



(a) Serendib Capital Limited ("Serendib Capital") has made an offer to resuscitate SCB via a mix of debt repayment and working capital injection. The pertinent terms of the offer is that Serendib Capital would assist SCB in the formulation of a comprehensive rescue plan and subsequent negotiations with SCB Group’s creditors and at the same time Serendib Capital will provide the funding requirement once finalised. Serendib Capital’s offer mandates a board representation and as such Mr Takeo Hirata has been appointed to the Board of SCB for that very purpose as stated herein.



(b) Serendib Capital’s mandate for board representation has already been effected with the appointment of Mr Takeo Hirata to SCB’s Board. Serendib Capital’s rescue plan will be to first formulate and negotiate a debt restructuring scheme with SCB Group’s creditors; meetings between Mr Takeo Hirata, representing the White Knight and Management of SCB are scheduled over the next 2 weeks. Thereafter the White Knight and SCB will jointly approach SCB Group’s creditors to agree on a debt restructuring scheme. Before such creditors' acquiesce is granted, no binding financial commitments can be made between the White Knight and SCB.



(c) The White Knight shall assist with the creation, negotiation and funding of a comprehensive debt restructuring scheme as well as providing working capital to fund future growth.



This announcement is dated 18 December 2023.

Director's push down the price and will buy back below 30 cent...let see the game

Lower and lower...next support 45 & 40 cent

Pull back for profit taking, flush out contra player first..

Pull back for profit taking, afternoon around 3-4pm will bounce back to above 15 cent

Today will continue fly....🚀🚀🚀

Possible today will breakout !!!

Tomorrow will start move up guys...don't miss the flight to fly high..

Handal Energy plans capital reduction, private placement and bonus warrants
By Anis Hazim / theedgemalaysia.com
15 Sep 2023, 11:02 pm

KUALA LUMPUR (Sept 15): Offshore crane services provider Handal Energy Bhd is planning to undertake a RM90 million capital reduction to eliminate its accumulated losses, followed by a private placement involving up to 40% of its issued shares to raise RM9.7 million to repay its borrowings and trade payables, and an issuance of bonus warrants.

The group’s accumulated losses as at June 30, 2023 stood at RM102.6 million at the company level, and RM68.1 million at the group level, which it plans to reduce to a loss of RM13.1 million (company level), and a retained profit of RM21.4 million (group level), following the capital reduction.

Its proposed placement, which could involve the issuance of up to 266.43 million shares to third-party investors to be identified, would be priced at a discount of at most 20% to the company's five-day volume weighted average market price of its shares immediately before the price fixing date.

It expects to fix the issue price of the placement shares, which could be issued by tranches, separately. Based on its illustrative issue price of 9.13 sen per placement share, Handal could raise as much as RM9.7 million from the exercise, of which RM9 million would be used to repay its trade payables and bank borrowings (RM4.5 million each).

The warrant issuance, meanwhile, will be undertaken after the private placement on the basis of one warrant for every two existing shares held on an entitlement date to be announced later. It expects to be issuing up to 186.7 million warrants. If fully exercised, the warrants could raise another RM22.41 million for the company, which is to be used as working capital.

The proposals, subject to approvals from Bursa Securities and Handal shareholders, are expected to be completed by the first quarter of 2024.

Shares in Handal settled half sen or 4.35% lower at 11 sen on Friday, with a market capitalisation of RM29.34 million. The counter has fallen 26.67% year-to-date.

New warrant to be out by 1st qtr 2024....grab the mother share now before ex date.

Tomorrow mother will fly to above 10 cent

Already told you all guys will fly this month....

Wow !!! strong momentum...next week sure breakout 52W high

Don't miss the boat guys...anytime will fly to above 10 cent

Fly already...next TP 10 sen

After warrant out, operator will press down the price to below RM1.20

Just small unit...less than 1 % from their shareholder fund

Breakout !!! next TP 30 cent

1st resistance breakout...strong momentum to next resistance

Luckly yesterday manage to get buy 0.095 cent

Moving up already...good news to be announce soon

After EGM will start move up....get ready to enter guys

Lowest will go around 9 cent only....get ready to enter at floor price

Bounce back...is time to enter kaw kaw....exit 22/23

Very good revenue, will fly kaw kaw soon...

IPO price 17 cent only...still expensive. Possible will reach to ipo price soon

Why suddenly up today ?? Any good news ?

More to go...price will moving up before EGM next mth. Reach to 20 cent is nothing possible.

To push up price before warrant to be issue...TP 20 cent and above

Qtrly rpt to be out by this mth, good result will fly to above 10 cent...

Will back to ipo price very soon...

Last qtrly report is very good, so possible will continue good performance for next qtr rpt. Break 6 cent will fly to 8 cent

Everday up 10%, good start and warm up....

Today or tomorrow will breakout and fly to 30 cent

The only one property company still the cheap price...

Is time to accumulate at 0.035 / 0.04 cent, anytime will fly to above 10 cent

Operator collecting at 205 today...they will push up the price when hit target

Looks to fly high tomorrow...

Is time to accumulate...good qtrly report to be out very soon...

The warrant issuance, meanwhile, will be undertaken after the private placement on the basis of one warrant for every two existing shares held on an entitlement date to be announced later. It expects to be issuing up to 186.7 million warrants. If fully exercised, the warrants could raise another RM22.41 million for the company, which is to be used as working capital.

Operator will push up the price before the price fixed date....

Handal Energy Bhd is planning to undertake a RM90 million capital reduction to eliminate its accumulated losses, followed by a private placement involving up to 40% of its issued shares to raise RM9.7 million to repay its borrowings and trade payables, and an issuance of bonus warrants. It involves the issuance of up to 266.43 million shares to third-party investors priced at a discount of at most 20% to the company's five-day volume weighted average market price of its shares before the price fixing date.

Bankers start goreng this counter and trap more retailers...break 10 cent will fly to 15 cent.

Expected good for next qtrly report, better collect more warrant for good investment return. Top Glove founder inside will become major shareholder soon and push up the price to RM1.00

Collect more warrant C, potential will get 200% return in short term.